Last checked at 22 Apr 2024 09:04
LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read more
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Marks & Spencer Share News (MKS)
MKS Share
Price
MKS Share
News1
MKS Share
Chat8
MKS Share
Trades3,862
MKS
Live RNS
MKS Share
Charts
MKS Level 2
Console
MKS Live
Share Price
MKS Broker
Ratings
MKS Directors
Deals
MKS Financial
Diary
MKS
Fundamentals
MKS Short
Positions
MKS
Media
Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
273.80
Bid:
272.20
Ask:
272.40
Change:
-3.00 (-1.08%)
Spread:
0.20 (0.073%)
Open:
276.70
High:
277.50
Low:
272.10
Prev. Close:
276.80
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Analysts stay positive about M&S despite disappointing Christmas update
Thu, 08th Jan 2015 10:54
Despite Marks & Spencer's disappointing Christmas trading update on Thursday, brokers Investec and The Share Centre have retained their positive recommendations on the stock.While the food division continues to outperform the industry with like-for-like (LFL) in the third quarter ended 27 December up 0.1%, general merchandise (GM) LFL sales fared much worse than expected after falling 5.8%.Analyst Kate Calvert from Investec trimmed her profit forecasts for the company following the statement, but said that the worse-than-expected performance was partly offset by improvement in cost guidance for the full year from +3.5% to +2%.The company also maintained its margin forecasts for both food and GM and said that all other guidance remains unchanged."Given the number of issues in different areas of the business, it is perhaps remarkable that full-year profit guidance was maintained," said The Share Centre's research analyst Ian Forrest, who kept his 'buy' rating on the retailer."There is still work to do in the group's general merchandise division, however food sales remain very strong. The falling oil price, which should increase consumers' disposable incomes, could benefit the company. In volatile markets the prospective dividend yield of 4% is also attractive for investors," he said.Investec's Calvert also reiterated a 'buy' on M&S, saying that the stock's current valuation does not reflect the company's "gross margin opportunity and shift to cash generation".She said: "The unseasonal weather and online own goal yet again overshadows reasonable recovery progress elsewhere. Gross margin gains, efficiencies and better ranges are all visible and will feature in 2015."The stock was down 4.6% at 441.7p by 11:02.
More News
22 Apr 2024 08:49
LONDON MARKET OPEN: Hipgnosis jumps on Blackstone rival offer
(Alliance News) - Stock prices in London opened higher on Monday, as investors shook off nerves ahead of a key US inflation reading later this week.
Read more19 Apr 2024 16:56
London close: Stocks mixed as investors watch Middle East newsflow
(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.
Read more17 Apr 2024 08:53
LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope
(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.
Read more16 Apr 2024 08:38
UK discounter B&M expects full-year profit at top end of guidance
2023/24 revenue up 10.1% to 5.5 bln stg
*Read more11 Apr 2024 15:56
London close: Stocks finish lower as ECB stands pat
(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.
Read more11 Apr 2024 08:59
LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:
Read more11 Apr 2024 07:54
JPMorgan upgrades Marks & Spencer to 'overweight'
(Sharecast News) - JPMorgan Cazenove upgraded Marks & Spencer on Thursday to 'overweight' from 'neutral' and lifted the price target to 330p from 260p as it took a look at European general retail.
Read more11 Apr 2024 07:49
LONDON BRIEFING: Astra promises dividend hike; Darktrace ups guidance
(Alliance News) - Stocks in London are called to open slightly higher on Thursday, as investors eye the latest interest rate decision from the European Central Bank, a day after a hotter-than-expected US inflation reading.
Read more8 Apr 2024 16:52
London close: Stocks rise at start of busy week
(Sharecast News) - London markets closed with gains on Monday as investors exercised caution ahead of key events later in the week.
Read more27 Mar 2024 11:16
TRADING UPDATES: Sorted renews M&S deal; Tribe completes drill build
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more26 Mar 2024 17:05
UK's FTSE 100 edges higher as retailers stocks climb
Petershill Partners up on mulling share buyback plan
*Read more26 Mar 2024 16:59
LONDON MARKET CLOSE: FTSE 100 closes higher on busy corporate day
(Alliance News) - Stock prices in London closed higher on Tuesday, as investors are waiting to see a key inflation reading from the US on Friday.
Read more26 Mar 2024 12:02
LONDON MARKET MIDDAY: FTSE 100 flat amid China-West tension
(Alliance News) - The FTSE 100 recovered slightly from a tricky morning on Tuesday to trade flat heading into the afternoon, though simmering global tensions have kept a lid on its progress in the early part of the week.
Read more26 Mar 2024 11:04